Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Shares Up 0.1% – What’s Next?

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $50.85 and last traded at $50.85. 351 shares changed hands during trading, a decline of 97% from the average session volume of 11,919 shares. The stock had previously closed at $50.82.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Price Performance

The stock’s 50 day simple moving average is $50.92 and its two-hundred day simple moving average is $50.89.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Investors of record on Monday, December 1st were paid a $0.1913 dividend. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Trading of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% during the 2nd quarter. Jane Street Group LLC now owns 38,895 shares of the company’s stock valued at $1,963,000 after buying an additional 16,033 shares during the last quarter. Balboa Wealth Partners purchased a new stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the 3rd quarter worth about $227,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the 3rd quarter valued at about $1,325,000.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Company Profile

The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to track an index of broad US preferred stock and hybrid securities. The fund aims to provide high monthly income, with lower correlation to interest rates, relative to other asset classes GPRF was launched on Jul 30, 2024 and is issued by Goldman Sachs.